Shares of First Foundation Inc. (NASDAQ:FFWM) saw strong trading volume on Thursday . 249,905 shares traded hands during trading, an increase of 78% from the previous session’s volume of 140,633 shares.The stock last traded at $21.44 and had previously closed at $21.18.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of First Foundation from a “sell” rating to a “hold” rating in a report on Thursday, April 28th. FBR & Co assumed coverage on shares of First Foundation in a report on Friday, July 1st. They set an “outperform” rating and a $26.00 target price on the stock. Finally, DA Davidson reissued a “buy” rating and set a $25.00 target price on shares of First Foundation in a report on Wednesday.

The firm has a 50-day moving average of $21.84 and a 200-day moving average of $22.11. The stock has a market cap of $349.09 million and a PE ratio of 20.28.

First Foundation (NASDAQ:FFWM) last announced its quarterly earnings results on Monday, April 25th. The company reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.02. Equities analysts expect that First Foundation Inc. will post $1.38 EPS for the current year.

In related news, CFO John Michel bought 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 14th. The shares were bought at an average price of $21.41 per share, for a total transaction of $32,115.00. Following the completion of the acquisition, the chief financial officer now owns 19,255 shares of the company’s stock, valued at approximately $412,249.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Victoria Collins sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $22.41, for a total transaction of $112,050.00. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in First Foundation stock. Russell Frank Co increased its stake in First Foundation Inc. (NASDAQ:FFWM) by 9.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 110,006 shares of the company’s stock after buying an additional 9,928 shares during the period. Russell Frank Co owned 0.69% of First Foundation worth $2,599,000 as of its most recent SEC filing.

First Foundation Inc is a financial services and bank holding company. The Company provides a platform of personalized financial services to high net-worth individuals and their families, family businesses and other affiliated organizations. It conducts its operations through its wholly owned subsidiaries: First Foundation Advisors (FFA) and First Foundation Bank (FFB), and First Foundation Insurance Services (FFIS), a wholly owned subsidiary of FFB.

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